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Procurement Value Management Policy, Technology And Compliance Associate - Corporate Group Job Details

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Employer:  Federal Reserve Bank
Job Ref No:  254148
Job Title:  Procurement Value Management Policy, Technology and Compliance Associate - Corporate Group
Sector:  Asset Management
Sub Sector:  Non-Financial Corporate
Risk Type:  Regulatory/Compliance
Expertise:  Technology
The Corporate Group is dedicated to being a trusted, strategic business partner to clients Bank wide. The Group delivers a broad range of innovative, impactful solutions that foster the Bank's ability to meet its mission. The Corporate Group is aligned across its functions to provide superior services and value-added resource and financial management that seamlessly support our clients' and the Bank's objectives.

The Procurement Value Management Function (PVM) within the Corporate Group of the New York Fed provides centralized acquisition services, spend category management, and governs vendor management for the Bank.


The Procurement Value Management (PVM) Senior Policy, Technology and Compliance Associate works as part of the Operations team that is responsible for a portfolio of work across several key areas; Policy, Risk, Process and Compliance. The Senior Policy, Technology and Compliance Associate performs activities related to the design and enhancement of the Bank's established Acquisition and Vendor Management Policies as well as compliance and audit activities for PVM.

Principal Duties and Responsibilities:
  • Develop, enhance and maintain relative policies, guidelines and tools
  • Collaborate with System and Bank stakeholders (where applicable) to ensure a thoughtful and comprehensive approach to Policy design
  • Ensure relative policy frameworks align with any other Bank or System policies, guidelines or objectives
  • Provide advisory support and guidance to Business areas on policy and tools
  • Lead PVM-facilitated sessions, training and other meetings to provide education and awareness of Acquisition and Vendor Management policies
  • Lead policy adherence monitoring, compliance and reporting for PVM facilitated acquisitions
  • Serve as liaison to the Bank's Technology Services Group as it relates to data and reporting functionality
  • Support and lead supplier diversity outreach efforts both inside the Bank and across the Federal Reserve System

Job Requirements:
  • Three to five years' experience in financial support, risk and compliance or related field
  • Strong understanding of policy writing and design
  • Strong attention to detail
  • Expertise in project management and follow through
  • Strong leadership, organizational, communication and presentation skills
  • Clear understanding of procurement and vendor management principles
  • Proven leader with the ability to influence and make decisions
  • Strong client relationship building and customer service
  • Ability to present and interact with all levels of management
  • Proficient in Microsoft Office; Visio and SharePoint a plus
  • Bachelor's degree required; MBA or graduate degree in related field a plus
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

Employment Type:  Full Time
Region/Country:  Americas, United States
States/Counties:  New York
City:  New York City

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